You live in Jacksonville which is a market that has homes at the lower price point compared to the nation.I would do one of two things1) Get a new property via 3.5% down and use the rest as reserves2) save up another $10,000 and then buy a $125,000 home using $25,000 down.This will give you $10,000 as reserves just incase something goes wrongBest of luck.

My wife and I have our old primary home that we recently moved out of and are renting that has 150K+ in equity that we could tap into via HELOC to fund the down payment for our next purchase and cover the remainder with a DCSR or Conventional loan?

Hey @Katie Williams just wanted to clarify a few things:We will take away a tenants ability to pay via ACH after 4 failed ACH payments.

Buy the heirs' interest in the estate via assignment and then step into their shoes and become the bene and the admin/exec.

That you can secure CONTROL and MONITIZATION of a property via a fractional capital outlay vs it's market value, better known as a down payment.     

We ended looking up the owner via tax records and called the owner directly and made a deal. 

Duplex can always add additional units via the ADU laws. 8) Related to number 1, purchasing a property with an existing ADU is cheaper than buying a property and adding an ADU.

Quote from @Marc Brandon: ...he/she must send a written notice to the tenant's "last known address" within 30 days, via certified mail.... 

I rented several houses via affordable housing, there were frequent inquiries but just a few will get through.

Our company conducts the entire purchase and closing process via email, as well as overnight any necessary physical documents needing signature.